Madhya Pradesh has secured further investments in renewable energy (RE) through new Memorandums of Understanding (MoUs) signed at the Global Investors Summit 2025. At the summit, five companies formalized their investment plans: KP Group committed to...
Waaree Renewable Energy Technologies Limited has secured a contract from ABREL EPC Limited, a subsidiary of Aditya Birla Renewables Limited, for supplying solar photovoltaic (PV) modules for a 410 MWp solar power project in India. The module supply...
Adani Saur Urja (LA) Limited, a subsidiary of Adani Green Energy Limited (AGEL), has received a Letter of Award (LoA) from Uttar Pradesh Power Corporation Limited (UPPCL) for energy storage capacity from the 1,250 MW Pumped Storage Project in the...
The Ministry of New and Renewable Energy (MNRE) has proposed a renewable energy financing obligation (REEFO) to ensure dedicated financial support for India’s renewable energy sector. Similar to Renewable Purchase Obligations (RPOs) for discoms...
Torrent Green Energy Private Limited (TGEPL), a wholly-owned subsidiary of Torrent Power Limited (TPL), has incorporated five subsidiaries to implement renewable energy (RE) projects in India. The new subsidiaries are Torrent Urja 32 Private Limited...
Gensol Engineering Limited has signed a non-binding term sheet for a Rs 3.5 billion strategic transaction to sell its US subsidiary, Scorpius Trackers, to a major renewable energy solutions provider in the US. The deal includes the transfer of...
Indian Railway Finance Corporation (IRFC) has sanctioned a rupee term loan of Rs 75 billion to NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Green Energy Limited. In January 2025, NTPC REL invited bids for up to Rs 200 billion for...
The Indian Renewable Energy Development Agency Limited (IREDA) has approved plans to raise up to Rs 50 billion through a qualified institutions placement (QIP) of equity shares in multiple tranches. Additionally, IREDA’s wholly owned subsidiary...
Jyoti Structures Limited has received a Rs 3.89 billion Notification of Award (NoA) from Adani Energy Solutions Limited (AESL) for the 765 kV DC transmission line 1B of Boisar II-Pune III. The contract includes tower supply, survey, soil...
Adani Group has announced an investment of Rs 500 billion in Assam for airports, aerocities, city gas distribution, power transmission, cement, and road projects. The announcement was made at the Advantage Assam 2.0 Investment & Infrastructure...
Power Mech Projects Limited has secured a Rs 1.65 billion contract from Bharat Heavy Electricals Limited (BHEL) for the 2×800 MW Koderma Thermal Power Expansion Project. The contract covers main supply, design and engineering, mandatory spares, and...
South Eastern Coalfields Limited (SECL), a subsidiary of Coal India Limited, has commissioned a rapid loading system and silos at its Dipka megaproject in Chhattisgarh under the First Mile Connectivity (FMC) initiative. The facility, which began...
Adani Power Limited received a letter of intent (LoI) from the resolution professional to acquire Vidarbha Industries Power Limited (VIPL) on 24 February 2025. The acquisition is subject to the terms of the LoI and necessary approvals from the...
Assam Power Generation Corporation Limited (APGCL) and Oil India Limited (OIL) have established a joint venture (JV) named APGCL OIL Green Power Limited to develop renewable energy projects in Assam. The JV will plan, develop, construct, own, and...
India is evaluating a financial assistance plan for debt-laden state-run power distribution companies (DISCOMs) to maintain sector stability amid growing electricity demand, according to a Ministry of Power document cited by Reuters. A ministerial...
Coal India Limited (CIL) and EDF India Private Limited, a wholly owned subsidiary of Électricité de France SA (EDF), signed a Non-Binding Shareholders Agreement (SHA) Term Sheet on February 23, 2025, to form a joint venture. The partnership will...
Madhya Pradesh has signed multiple Memorandums of Understanding (MoUs) with key energy companies at the Global Investors Summit 2025, securing investments across renewable energy, pumped storage, and other infrastructure projects. These include:...
Tata Power Central Odisha Distribution Limited (TPCODL) and Tata Power Western Odisha Distribution Limited (TPWODL) have signed an agreement with Grid Corporation of Odisha (GRIDCO) and Suryam International Private Limited to develop 21.46 MW of...
Adani Green Energy Twenty Four Limited (AGE24L), a subsidiary of Adani Green Energy Limited (AGEL), commissioned 250 MW of solar capacity on February 21, 2025. The project is part of the 8,000 MW Inter-State Transmission System (ISTS)-connected solar...
Adani Electricity Mumbai Ltd (Adani Electricity) has secured top rankings in three independent national assessments conducted by the Ministry of Power (MoP). The company ranked first in the 13th Integrated Rating Exercise by the Power Finance...
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